document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1083034>Question 1083034</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Nina and Tom would like to purchase a new home, but they are not sure if they can afford the $2420/month mortgage payment. A finance company is willing to finance the purchase at 7% and 30-year term. What is the amount of money they are considering borrowing? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #697080 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=697080\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 2420*360 = 871200<BR>\n" );
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document.write( "x(1+(0.07/12))^12*30 = 871200<BR>\n" );
document.write( "x*8.02 = 871200<BR>\n" );
document.write( "x = 871200/8.02<BR>\n" );
document.write( "x = 108628.43 </SPAN>\n" );
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